Idaho's Staking Rush Amid Skyrocketing Copper Demand Highlighting the metals vital component for the construction of green energy technologies which require multiple times as much copper as coal-fired power generation, CNBC put out an informative video on 'Why Copper Demand is Skyrocketing'. https://www.youtube.com/watch?v=g8Nar1s5UgM
Idaho's Staking Rush
Following Hercules Silver (BIG) reporting a new copper porphyry discovery in Idaho, the Leviathan Porphyry Copper discovery, the state experienced a massive staking-rush, where numerous companies and individuals have staked thousands of mining claims both to the Northeast and South of the Hercules discovery.
This is highlighted by Barrick Gold and Rio Tinto's presence in the area, as well as BIG's ring-staking a junior's, Zeus North America Mining (ZEUS.c), property located directly adjacent to the Hercules Project that hosts this new discovery.
BIG's ring-staking of this junior's property, the Cuddy Mountain Property, lends to the merits and potential for a substantial discovery yet to be unveiled.
Zeus North American Mining
Amid preparing for a spring and summer exploration program at its Cuddy Mountain Property, Zeus North America Mining (ZEUS.c) recently provided a corporate update to highlight its 2024 exploration plans.
Located directly adjacent to BIG's new copper porphyry, Cuddy Mountain boasts numerous similarities to BIG's property including:
- Olds Ferry terrane rocks including Hercules Rhyolite and Seven Devils Volcanics
- Number of historical silver occurrences and/or small-scale mines hosted in rhyolite
- Located along Bayhorse Thrust Fault, a major structural corridor which thrust the rhyolite overtop of volcanics
- Within erosional window through the younger Colombia River basalts that cover the vast majority of the district.
During the spring/summer 2024 season, Zeus will be conducting a 3D-DCIP Induced Polarization and Resistivity Survey, (Large-scale chargeable anomaly tested by BIG with same survey). ZEUS additionally plans to conduct soil sampling, mapping, prospecting and rock grab sampling, as well as high-resolution ground magnetics at the property.
Mr. Dean Besserer, President and CEO stated, "This is one of the largest staking rushes I've seen in my career. Many still don't recognize the magnitude of this discovery as it has unveiled a new and previously unknown Porphyry Copper belt. The fact that we have the Property directly adjacent such a great discovery and along the same major structure to is exciting and we are rapidly building our team to be the next in line to make a discovery in the district".
Copper's recent supply shock, and consequent price surge, has solidified the metals importance and entrenched the significant opportunity that ZEUS offers.
Full News Release: https://www.accesswire.com/866901/zeus-north-america-mining-corp-provides-corporate-update-and-highlights-its-flagship-cuddy-mountain-property
Posted on Behalf of Zeus North American Mining Corp.